iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Strong Trading Volume – Time to Buy?

Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw unusually-high trading volume on Thursday . Approximately 7,000 shares traded hands during mid-day trading, a decline of 18% from the previous session’s volume of 8,511 shares.The stock last traded at $198.69 and had previously closed at $199.75.

iShares MSCI ACWI Low Carbon Target ETF Stock Performance

The stock has a market capitalization of $982.92 million, a PE ratio of 21.26 and a beta of 0.95. The business’s 50-day moving average price is $198.19 and its 200 day moving average price is $195.99.

Hedge Funds Weigh In On iShares MSCI ACWI Low Carbon Target ETF

Institutional investors have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 558.6% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 461 shares of the company’s stock worth $89,000 after purchasing an additional 391 shares in the last quarter. EP Wealth Advisors LLC lifted its position in iShares MSCI ACWI Low Carbon Target ETF by 22.9% during the third quarter. EP Wealth Advisors LLC now owns 805 shares of the company’s stock valued at $158,000 after purchasing an additional 150 shares during the last quarter. Kraft Davis & Associates LLC purchased a new position in iShares MSCI ACWI Low Carbon Target ETF in the 4th quarter worth approximately $212,000. Equita Financial Network Inc. bought a new position in shares of iShares MSCI ACWI Low Carbon Target ETF in the 4th quarter worth $230,000. Finally, Retirement Income Solutions Inc purchased a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF during the 4th quarter valued at $232,000.

About iShares MSCI ACWI Low Carbon Target ETF

The iShares MSCI ACWI Low Carbon Target ETF (CRBN) is an exchange-traded fund that is based on the MSCI ACWI Low Carbon Target index. The fund tracks an index of stocks from global firms selected for a bias toward lower carbon emissions. CRBN was launched on Dec 9, 2014 and is managed by BlackRock.